Home / Knowledge / News / Textiles / Chemical major BASF now a European Company (SE)
Chemical major BASF now a European Company (SE)
16
Jan '08
The conversion of BASF Aktiengesellschaft into a European Company (Societas Europaea, SE) was officially completed with the entry of the name in the commercial register of the Ludwigshafen district court. As of today, the company's name is BASF SE.

The conversion process thus took less than 12 months: The Annual Meeting approved the conversion on April 26, 2007, and the employee participation agreement was reached with employee representatives in mid-November 2007.

The newly constituted Supervisory Board of BASF SE appointed the members of the Board of Executive Directors of BASF SE on December 5, 2007. The new commercial register number is HRB 6000.

At a ceremony at the Ludwigshafen district court, Eggert Voscherau, Vice Chairman of the Board of Executive Directors of BASF SE, thanked everyone involved in the conversion process: “This is a historic day for BASF and its employees. We are the first company in our industry to embody the idea of Europe through its legal form. At the same time, we are strengthening the involvement of European employees and improving our corporate governance.”

The Supervisory Board of BASF consists with immediate effect of 12 members: six shareholder representatives and six employee representatives. The first Supervisory Board will govern until the Annual Meeting 2009.

Also with immediate effect, BASF SE has established a new European works council (BASF Europa Betriebsrat) consisting of 23 members from 12 European countries. The headquarters and chief administrative offices of BASF SE will remain in Ludwigshafen.

BASF AG

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search